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12.3 Latest market trend analysis of gold and crude oil’s sharp rise and fall and today’s exclusive operation suggestions
Wonderful introduction:
A secluded path, with its twists and turns, will always arouse a refreshing yearning; a huge wave will make a thrilling sound when the tide rises and falls; a story, regretful and sad, only has the desolation of the heart; a life, with ups and downs, becomes shockingly heroic.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The latest market trend analysis of 12.3 gold and crude oil surge and today's exclusive operation suggestions." Hope this helps you! The original content is as follows:
The journey has mountains, rivers and ravines, and the bright moon in the sky is cloudy, sunny, waxing and waning. The investment market is the same, with losses, gains and profits. If you want to see the scenery on the mountain, you need to work harder than others to climb. If you want to make long-term and stable profits, you must be patient and confident! When we first enter the market, our first thought is to get rich as soon as possible. In life, you will not feel that life is not easy to choose to give up. Everyone has experienced sorrow and separation in life, and everyone has experienced bull and bear markets in operation. Don’t feel like there is no hope if you feel it is difficult sometimes. When you are losing money, you should continue to accumulate experience, learn lessons, and make some conclusions in the process. Only in this way can we benefit our operations, and profits will continue to flow in the future! When we find problems in our operations, we must reflect on it. Choosing the right direction to avoid risks is the way to go!
Analysis of the latest gold market trends:
Analysis of gold news: Tuesday (December 2) US market trading Spot gold fell about 0.36% and was trading around $4,191 per ounce. Gold prices fell slightly in early Asian trading on Tuesday after hitting a six-week high ($4,264.43) the previous day. Gold prices once fell to near the 4,200 mark as investors took profits while waiting for key economic data to look for clues about interest rate cuts. But gold prices soon found support from bargain hunting, with analysts pointing out that gold is expected to remain resilient due to recent geopolitical developments and rising expectations of a shift in U.S. monetary policy to easing. Gold has performed strongly this year, helped by its role as a traditional safe haven amid political turmoil and economic uncertainty. Investors are paying close attention to market dynamics, especially as markets digest the latest developments in the Federal Reserve's policy pathand amid ongoing geopolitical tensions.
Gold technical analysis: Gold continued an emotional rise in the early trading yesterday, and then the market retreated and adjusted. It rebounded in shock during the European trading session, with the high pressure measured to around 4265, but then the market adjusted and corrected, and the low fell back to around 4220. The daily line finally closed at a positive cross star line. From a daily structure point of view, the gold daily moving average system still maintains a bullish arrangement, indicating that the willingness of market entities is still biased toward bullishness. However, yesterday's cross star also revealed clues that the bulls' momentum was insufficient. This phenomenon is caused by two factors: First, the continuous early After many days of volatile rises, the momentum of the bulls has been exhausted, and there is a need for technical corrections; secondly, the fundamental speculation that the Fed will cut interest rates has become less popular. Without subsequent bullish stimulation, it will be difficult for the bulls to gain sustained upward momentum, and adjustments are inevitable. Gold experienced a rapid retracement this morning, retracing below 4200, but has not yet broken through the 5-day line. However, such a move has revealed that the current gold still needs to be rationally revised. During the day, the bottom will continue to focus on the 5-day line 4200-4195. If it falls below, the bottom may find support near the 10-day line 4150 in the short term. During the day, the upper side will continue to focus on the upper edge pressure of the daily level range near 4260-65, but before that, there may also be some resistance near yesterday's closing level of 4230-35.
Looking from the hourly chart of gold, yesterday’s market was originally expected to xmaccount.come under pressure and fall, and the market trend was in line with expectations. However, today’s rapid decline in the market pierced the previous trend line 4210-00 support zone, and the low fell to around 4190, which left some room for continued decline in today’s market. Hidden danger, if it cannot return to above 4235-40 today, it will increase the risk of expansion of correction and adjustment in the later market. The bottom can continue to focus on the xmaccount.competition in the 4200-4190 area. Once it falls again, the bottom can move the space down to 4170 or even around 4150/40 in the later period. On the whole, today's short-term operation of gold, He Bosheng suggests to focus on rebounding from high altitudes, supplemented by falling back to lows. The top short-term focus will be on the first-line resistance of 4230-4250, and the bottom short-term will focus on the first-line support of 4170-4150.
Analysis of the latest crude oil market trend:
Analysis of crude oil news: During the Asia-Europe period on Tuesday (December 2), crude oil prices continued to run near the highs of the past week, with an increase of about 0.14%. Investors are continuing to digest intensified geopolitical risks. Political tensions between the United States and Venezuela have also added to market uncertainty, with investors concerned that further restrictions or measures could curb Venezuelan oil exports. The escalation of U.S. military deployments around Venezuela has raised concerns about a possible conflict between the two countries, which could lead to significant risks of supply disruptions. OPEC+ confirmed last Sunday that it would maintain current production levels in the first quarter of 2026, which also provided some upward momentum for oil prices, which to a certain extent offset the long-term downward pressure based on fundamental factors.force. Traders will be keeping a close eye on potential new flashpoints in Venezuela and Ukraine, which could lead to significant price swings. Next week's Federal Reserve meeting is also attracting attention, with the market currently expecting a 25 basis point interest rate cut. In addition, inventory reports from the American Petroleum Institute and the Energy Information Administration will provide more clues about overall demand conditions.
Crude oil technical analysis: From the daily chart level, and from the local level, the current oscillation rhythm of crude oil is a minor one, with the K line closing 3 negative lines in a row and testing towards the early low of 56. The MACD indicator formed a dead cross near the zero axis, and the short momentum showed signs of gradually increasing. If the 56 strong support level is broken, the crude oil trend will enter a downward rhythm in the mid-term. The short-term trend of crude oil (1H) fluctuated at a high level. Oil prices repeatedly crossed the moving average system, and the short-term objective trend direction mainly fluctuated. From the perspective of primary and secondary rhythms, the subjective trend direction is still upward. The fast and slow lines of the MACD indicator have fallen back to near zero, and a golden cross is about to form, with bulls accumulating upward momentum. It is expected that the upward trend of crude oil will reach a new high within the day with a high probability. On the whole, today's crude oil operation thinking is based on He Bosheng's suggestion to rebound low and long, supplemented by rebounding high. The top short-term focus is on the 60.5-61.5 first-line resistance, and the bottom short-term focus is on the 58.0-57.0 first-line support.
This article is exclusively planned by He Bosheng, a gold and crude oil analyst. Due to the delay of network push, the above content is personal advice. Due to the timeliness of online publishing, the suggestions in this article are for learning reference only. You should operate at your own risk. Regardless of whether the views and strategies of the article agree with others, you can xmaccount.come to me to discuss and learn together! Nothing is difficult in the world, as long as there are people who are willing. Investment itself carries risks. I remind everyone to look for authoritative platforms and powerful teachers. Fund safety xmaccount.comes first, secondly consider operational risks, and finally how to make profits.
The above content is all about "[XM Foreign Exchange Market Analysis]: The latest market trend analysis of 12.3 gold and crude oil surge and today's exclusive operation suggestions". It is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some contents in the article still need to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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